Choose YOUR lifestyle!!
For many readers of Subramoney.com it could come as a surprise if I said  “Go and splurge”. I try not to write too much about spending, bargains, etc. – I prefer concentrating on the wealth side. However what you ‘feel’ about money is pretty important.
So you must go and spend money….BECAUSE BECAUSE BECAUSE you want to do it. Do not spend for ‘peer’ pressure. I see people spending for ‘impressing’ others. That I find funny. I guess it is about insecurity.
So answer these questions honestly:
1. Do you do money comparisons while shopping with friends / relatives / siblings / colleagues ?
2. If you got a higher bonus or a jump in salary would you boast about it to people around you?
3. In the last 3 years have you bought anything BECAUSE somebody else was boasting about it?
4. Have you traveled abroad as a ‘tick box’ item?
5. You have not seen something within 50 kms of your house, but are planning a foreign trip?
6. How do you respond to somebody who just bought a shoe for Rs. 34,000 ?
7. Would you buy a Rs. 50,000 bag for your wife ASSUMING that she has no clue about the price and her friend circle does not know a Prada or a Louis Vitton..
8. Will your best 5 friends be able to talk about your biggest 5 purchases?
8.a, Will you be able to talk about the best buys of any of your top 3 friends? or of anybody else?
9. Do you worry what others would think about you when you make a purchase?
10. Do you worry about your vacations, mode of transport, clothes, when you are visiting friends / relatives / colleagues…
Answer honestly and YOU will know whether you are a competitor or no. Please give feedback on the blog, not on FB 🙂 . thanks.
Anon
@Chaitanya – exactly my thoughts. This guy Vishal preaches as if he is a super-duper successful investor and when you ask him to publish his PF its an ok’ish performance. Reco’ed a medical equipment maker which even a child could make out was not an investment grade company.. After that he stopped reco’ing individual companies saying that you should do your research blah blah… essentially what he is doing is studying all the great investors out there and compiling it in pdf’s. I feel sorry for the fools who take up his course thinking they’ll become good value investors. If you are a value investor you could have dig the internet to get these lessons for free from the original sources and not this guy’s version…
kamalmin
1. Do you do money comparisons while shopping with friends / relatives / siblings / colleagues ?
No
2. If you got a higher bonus or a jump in salary would you boast about it to people around you?
yes
3. In the last 3 years have you bought anything BECAUSE somebody else was boasting about it?
No
4. Have you traveled abroad as a ‘tick box’ item?
No
5. You have not seen something within 50 kms of your house, but are planning a foreign trip?
yes
6. How do you respond to somebody who just bought a shoe for Rs. 34,000 ?
stupid
7. Would you buy a Rs. 50,000 bag for your wife ASSUMING that she has no clue about the price and her friend circle does not know a Prada or a Louis Vitton..
no
8. Will your best 5 friends be able to talk about your biggest 5 purchases?
no
8.a, Will you be able to talk about the best buys of any of your top 3 friends? or of anybody else?
yes
9. Do you worry what others would think about you when you make a purchase?
no
10. Do you worry about your vacations, mode of transport, clothes, when you are visiting friends / relatives / colleagues…
yes
Gaurav shukla
only 2&5(but its a someday not planning exactly) are yes and I will care about my clothes for (10).
Please reply as their is no meter to measure…
Thank you subra..for holding the torch..